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Nov 22, 2017
11/17
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>> amazon search is through mobile, the web, amazon alexa. and that is also feeding into the amazon alexa sales. good, reinforcing environment amazon is creating. bets onill have my amazon alexa. emily: just a few hours to go and we are there at the holidays. ceo of boomerang, former amazon executive. good to have you here on the show. coming up, holiday travel is in full swing and one company is looking to get you on board with smart luggage. we will check in with the founders of the away bag, next. this is bloomberg. ♪ 2-year-old smart luggage company away credits success to a meaningful consumer experience, which is why they made the unique expansion for online to brick-and-mortar stores all over the country. emma chandra set down with the founders to just drop -- discussed their disruption of the global luggage industry. take a listen. you don't think about retail as just where luggage is, building ind we are the travel stories we are trying to tell. if you walk into one of our and it is just supposed to be a really inspiring place to g
>> amazon search is through mobile, the web, amazon alexa. and that is also feeding into the amazon alexa sales. good, reinforcing environment amazon is creating. bets onill have my amazon alexa. emily: just a few hours to go and we are there at the holidays. ceo of boomerang, former amazon executive. good to have you here on the show. coming up, holiday travel is in full swing and one company is looking to get you on board with smart luggage. we will check in with the founders of the...
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Nov 21, 2017
11/17
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this is only back to amazon and whole foods. bob: and before. there have been very large consumer-oriented companies moving out of the food space, and on the other hand you have big food people like nestle, they have a lot of wonderful brands, but they have a lot where there is not a lot of growth. you look at organic and the healthier things and it makes sense if you earnestly, -- if you are nestle. julia: it is interesting. if they do this around $50 a share, 30 times -- for the most recent 12 month numbers, which even the -- deal we saw as well. i want to ask about a common thread between hain celestial and what we talked about earlier with the shift between at&t, even whole foods. hain celestial is a supplier for whole foods too. what about activism and the role of activism in these deals? bob: you can understand the business. people think they can understand the business. it is a tough business. we are going through a transition, we are not eating -- a transition, we're not eating green beans out of a can anymore. and -- in.azon steps of co
this is only back to amazon and whole foods. bob: and before. there have been very large consumer-oriented companies moving out of the food space, and on the other hand you have big food people like nestle, they have a lot of wonderful brands, but they have a lot where there is not a lot of growth. you look at organic and the healthier things and it makes sense if you earnestly, -- if you are nestle. julia: it is interesting. if they do this around $50 a share, 30 times -- for the most recent...
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Nov 14, 2017
11/17
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what is the dollar figure from amazon? >> i can't disclose that. >> is a more amazon can do with bahrain? >> absolutely. we would like to talk to them about other clients of his is and also talk to google and microsoft. we want our -- -- more data centers. >> with think this will develop -- gital we think the middle east should not be neglecting that. we think it will empower businesses. >> so amazon is a done deal. how close are you to getting google or microsoft to make commitments #>> they have to see the potential in the region which i'm sure they do. conversations. i can't say we are close to concluding anything, but we are hopeful. i don't want to speculate. >> that was the chief executive talking with our own erik schatzker. oft doesn't for our edition bloomberg technology. that does it for now. this is bloomberg. announcer: from our studios in new york city, this is charlie rose. charlie: the essay has been grappling with the major cyber security breach. the new york times reports some the agency's most sensitive i
what is the dollar figure from amazon? >> i can't disclose that. >> is a more amazon can do with bahrain? >> absolutely. we would like to talk to them about other clients of his is and also talk to google and microsoft. we want our -- -- more data centers. >> with think this will develop -- gital we think the middle east should not be neglecting that. we think it will empower businesses. >> so amazon is a done deal. how close are you to getting google or microsoft...
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Nov 15, 2017
11/17
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disclosed thatt because amazon is protective. >> is there more you can do with amazon? khaled: absolutely. we want to talk to them about other lines of business. we are talking to google, microsoft. we want our whole country to be a host to several of the leading companies. not to have sales offices but that have something of substance hopefully in the cloud. >> more data centers, and other words. khaled: more data centers and a catalyst to develop a digital economy and the country that will serve the entire middle east. we see data as growing an important. we see it in terms of supercomputers in our pockets and mobile phones. we think the middle east should not be neglecting that element. >> so amazon is a done deal. how close are you to getting google or microsoft, the two companies you just named, to make similar commitments? khaled: we are in talks with them. they have to see the potential in the region. the second element is making them see the benefits of bahrain. i cannot say we are close to concluding anything but we are hopeful. >> would you go so far as to pro
disclosed thatt because amazon is protective. >> is there more you can do with amazon? khaled: absolutely. we want to talk to them about other lines of business. we are talking to google, microsoft. we want our whole country to be a host to several of the leading companies. not to have sales offices but that have something of substance hopefully in the cloud. >> more data centers, and other words. khaled: more data centers and a catalyst to develop a digital economy and the country...
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Nov 23, 2017
11/17
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what amazon is trying to do, if you think about products, they want you to come to amazon. like anything, it is a small step. amazon is known for driving models and getting into the market quickly and starting to drive success. emily: do you think that vision will be realized? guru: it is too early to tell. amazon could leapfrog against its competitors including google home. google home and other competitors, they have to make a leap in terms of the language processing and the amount of information that can be provided back to the customer. amazon has figure that out to a large extent, much beyond the competitiveness. it also has a shopping element. emily: how optimistic are you about the home pod? it is really about improving the audio and listening experience in the home. which isking at alexa, an all-encompassing product. it does audio. it does shopping. it answers other questions as well. if you are just looking at the device to play music, that sort of device may not be as competitive as an amazon alexa. emily: who wins the holiday shopping season it comes to the smart
what amazon is trying to do, if you think about products, they want you to come to amazon. like anything, it is a small step. amazon is known for driving models and getting into the market quickly and starting to drive success. emily: do you think that vision will be realized? guru: it is too early to tell. amazon could leapfrog against its competitors including google home. google home and other competitors, they have to make a leap in terms of the language processing and the amount of...
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Nov 26, 2017
11/17
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amazon rose 5% last year. jeff bezos, the founder of amazon reached $100 billion, bill gates reached that before. he becomes only the second billionaire to meet 12 figures. it is incredible. what i love about this story is that only now jeff bezos is wondering what to do with all of this money, how do i give the away? were buffett and bill gates have argument giving away their money and now we have this big booze. what do you do with that? sure there are plenty of people who would be willing to accept that. with this function on the bloomberg if you would like to see the richest people in the world. not me at 482. bill gates is there at second place. withbezos right at the top $100.3 billion. amazonbout to launch here in australia that is going to create quite a bit of a disruption. betty: we have been talking about how amazon is going to change the retail market. we know that they have had good luck and also some not great luck in other countries particularly in asia. in singapore earlier this year they tried
amazon rose 5% last year. jeff bezos, the founder of amazon reached $100 billion, bill gates reached that before. he becomes only the second billionaire to meet 12 figures. it is incredible. what i love about this story is that only now jeff bezos is wondering what to do with all of this money, how do i give the away? were buffett and bill gates have argument giving away their money and now we have this big booze. what do you do with that? sure there are plenty of people who would be willing to...
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Nov 24, 2017
11/17
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this on amazon's black friday gains. we are seeing amazon gained 2.6% of the session. the stock gained 58% already --s year, close to the bezos' fortune topping $100 billion on amazon's black friday gains. the function can show you jeff bezos know ahead of bill gates and warren buffett. and u.s. retailers are unusually optimistic going into this year's holiday shopping season. the national retail federation predicts 69% of americans will shop at stores or online over the thanks giving weekend. get a talk about the outlook for retail and the state of u.s. market is marion montagne. she is with us from minneapolis. thank you for joining us. let's talk a little bit about this holiday shopping season, what are your forecasts? 4% to 5%i think a good growth in retail sales is on the horizon. the reason being we have strong employment. we have rising wages. we have rising consumer confidence. today the university of michigan upped the consumer confidence index the 98.5%. they adjusted it upwards and allowed -- a lot of that is based on expectations by individuals that their w
this on amazon's black friday gains. we are seeing amazon gained 2.6% of the session. the stock gained 58% already --s year, close to the bezos' fortune topping $100 billion on amazon's black friday gains. the function can show you jeff bezos know ahead of bill gates and warren buffett. and u.s. retailers are unusually optimistic going into this year's holiday shopping season. the national retail federation predicts 69% of americans will shop at stores or online over the thanks giving weekend....
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Nov 16, 2017
11/17
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we think it recognizes your face and pears that with your amazon account. -- pairs that with your amazon account. emily: why have we not seen this at work? >> they had some unexpected bugs when they launched it about a year ago. at that time, they said they expected to open early this calendar year, which didn't happen. they had to push it back. we understand they are working through situations beyond an individual shopper, which is a simpler transaction. they have to think through groups of people coming in, couples, families, a situation where mom, dad, a couple kids go in, and the person who checks in with their phone leaves and the other parent remains with the children. there are a lot of group shopping scenarios they had to consider and work through those as well. emily: you guys also, olivia, uncovered a little pikachu challenge, where the employees dressed up and tried to fool the system. >> we understand amazon has been encouraging its employees to use the store often so they could find any bugs. three very brave amazon employees said, we are going to really try and trick this,
we think it recognizes your face and pears that with your amazon account. -- pairs that with your amazon account. emily: why have we not seen this at work? >> they had some unexpected bugs when they launched it about a year ago. at that time, they said they expected to open early this calendar year, which didn't happen. they had to push it back. we understand they are working through situations beyond an individual shopper, which is a simpler transaction. they have to think through groups...
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Nov 11, 2017
11/17
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gos: if you look at amazon as an example, is an extremely interesting idea thinking of amazon as an example. with a digital camera, you will be able to tell who you are, but there are limitations in that it is hard to scan more than 20 people at the same time. china, in the meantime, uses something as simple as qr codes and enables hundreds of millions of people to have access to services that were not possible before. so how to combine tech in a way that makes it accessible to the mass market is increasingly important. in that area, i think alibaba is ahead of most of the giants in the u.s.. i think what a lot of people don't realize is that in the u.s., most of this model surrounds advertising, so the entire engine behind that is to monetize that well. in china, it is a different environment. eunice based on a transaction engine. the experience that tencent and alibaba have built in new retail is something you do not see in many parts of the world. this is why when mike evans said the new retail shopping would not only be popular in china but the rest of the world, what we will see over t
gos: if you look at amazon as an example, is an extremely interesting idea thinking of amazon as an example. with a digital camera, you will be able to tell who you are, but there are limitations in that it is hard to scan more than 20 people at the same time. china, in the meantime, uses something as simple as qr codes and enables hundreds of millions of people to have access to services that were not possible before. so how to combine tech in a way that makes it accessible to the mass market...
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Nov 28, 2017
11/17
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is it all about amazon? emma coburn we talk a lot about --emma coburn -- emily: continuing to promote and offer deals today does it have all weekend. amazonit is considered and walmart, the big walmart -- the big online rocket places will be the big winners today. -- marketplaces that will be the winners today. bayne say that amazon alone is expected to capture half of all e-commerce holiday spending growth and we heard back on friday from tbh insight who said amazon had captured 50% of all online spending on black friday. take a look at another truck i have for you here. what you can see is while amazon which is the blue line here is sort head of walmart when it comes to market cap, when you look at sales, this is the bar chart, lamont is doing just continues to outperform amazon. was surprised to see that in storage sales still account for 90% of retail purchases. when it comes to e-commerce, there's a lot of growth to be had. to buy the trends just talk about the trends we are seeing. emma: it is always s
is it all about amazon? emma coburn we talk a lot about --emma coburn -- emily: continuing to promote and offer deals today does it have all weekend. amazonit is considered and walmart, the big walmart -- the big online rocket places will be the big winners today. -- marketplaces that will be the winners today. bayne say that amazon alone is expected to capture half of all e-commerce holiday spending growth and we heard back on friday from tbh insight who said amazon had captured 50% of all...
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Nov 19, 2017
11/17
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they're not going to put in random, nonfood items, but they will put in me amazon-branded -- in the amazon-branded gadgets that makes the most sense to them, and and they see more loyal amazon shopper. things like echo devices and their fire tv sticks, those sorts of things. they are definitely capitalizing on the physical, much bigger physical presence they have with the whole foods acquisition. emily: that was bloomberg technology spencer silver and olivia zelesky. and that does it for this edition of the best of "linear technology."erg we will review the latest in tech throughout the week. tune in each day at 5:00 p.m. in new york. 2:00 p.m. in san francisco. and remember, all episodes are live streaming on twitter. check us out. that is all for now. this is bloomberg. ♪ julia: welcome to "bloomberg businessweek." i am julia chatterley. we are inside the magazine's headquarters here in new york. in this week's issue, the flooding of houston's energy corridor, u.k. prime minister theresa may's delicate balancing act, and the bloomberg annual business school rankings. all that to come on "bloom
they're not going to put in random, nonfood items, but they will put in me amazon-branded -- in the amazon-branded gadgets that makes the most sense to them, and and they see more loyal amazon shopper. things like echo devices and their fire tv sticks, those sorts of things. they are definitely capitalizing on the physical, much bigger physical presence they have with the whole foods acquisition. emily: that was bloomberg technology spencer silver and olivia zelesky. and that does it for this...
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Nov 22, 2017
11/17
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abigail: ok so stay long in amazon to get long amazon. the exarch you, let's take a xrt,at this chart -- the let's take a look at this chart. dan: etf looking at the retail space. since 2014, a steady downtrend. 38-440, 3850 has been support. we tested the support level. now inflected higher trading above the average an interesting to me is that we have a positive divergence between price and momentum. we have a momentum indicator. put in a series of higher lows while price is bottoming. that is an indication that downside momentum is waning. anybody who is short this product is a proxy for being short retail. and potentially go along here. abigail: if below that level of support, that would be a warning signal, but think above that. dan: below that level supports i am wrong and probably makes sense to put the short back out. abigail: we have had fullback for the high yield credit. high yields etf having its with quarter since december 2015. is this a tell on stock? dan: i do not think it is a tell. over the past five years, the correlati
abigail: ok so stay long in amazon to get long amazon. the exarch you, let's take a xrt,at this chart -- the let's take a look at this chart. dan: etf looking at the retail space. since 2014, a steady downtrend. 38-440, 3850 has been support. we tested the support level. now inflected higher trading above the average an interesting to me is that we have a positive divergence between price and momentum. we have a momentum indicator. put in a series of higher lows while price is bottoming. that...
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Nov 10, 2017
11/17
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amazon prime day is an interesting thing. maybe we will see an 11/11-type prime day and i think there is an opportunity to do things there, but i do not see the concept transferring at all, especially the way they do it in china. speaking with both of you again after this quick break. coming up, we talk about the social media company that turns users into hit social media stars. got bought. we look at the $800 million deal next. this is bloomberg. ♪ emily: facebook has set its sights on yelp. it combines events and permanent places to a single search engine powered by the social network costs 70 million business pages. this is not the first time facebook has tried to imitate the success of other platforms. work.ated facebook at some dealmaking and china. app musical.ly has been acquired representing the biggest venture abroad for the chinese startup value net $20 billion. it's best known for a mobile news app with 120 million readers and viewers, which pairs 's 100ith musical.ly million users. us.guests are still with this
amazon prime day is an interesting thing. maybe we will see an 11/11-type prime day and i think there is an opportunity to do things there, but i do not see the concept transferring at all, especially the way they do it in china. speaking with both of you again after this quick break. coming up, we talk about the social media company that turns users into hit social media stars. got bought. we look at the $800 million deal next. this is bloomberg. ♪ emily: facebook has set its sights on yelp....
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Nov 19, 2017
11/17
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it's amazon's most ambitious effort yet. amazon is a limiting checkout lines. the company has been working out the technical bugs in its cashier-less convenience store known as "amazon go," and it's almost ready for prime time. olivia and spencer gives us all the details. olivia: in typical amazon fashion, we don't know every detail of how it works. we know you walk in, scan your phone, pick something off the shelf, and thing when you walk out, charged you automatically. we understand through patents, it uses facial recognition. we think it recognizes your face and then pairs that with your amazon account. emily: so spencer, they have been working on this for a while now. why have not least in this at work? spencer: yes, they definitely had some unexpected bugs when they launched. at that time, they expected to open early calendar year, which did not happen. what we have understood is that they are working through situations beyond the individual shopper, which is a simpler transaction. they have to think through groups of people coming in, say a couple or a fa
it's amazon's most ambitious effort yet. amazon is a limiting checkout lines. the company has been working out the technical bugs in its cashier-less convenience store known as "amazon go," and it's almost ready for prime time. olivia and spencer gives us all the details. olivia: in typical amazon fashion, we don't know every detail of how it works. we know you walk in, scan your phone, pick something off the shelf, and thing when you walk out, charged you automatically. we understand...
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Nov 30, 2017
11/17
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is amazon staking out new territory? do you think apple and google will try to follow, as they have? david: absolutely. microsoft, google, facebook, apple of course, will be in the workplace, in our personal lives, on our phones, on our watches, in our car, pretty much everywhere. but the workplace is a logical place for it to go. i credit amazon with getting there first and getting this going first. they just keep defining this space and making everyone else follow them, which is supremely impressive. emily: indeed, right on the heels of breaking into the physical grocery business, it's certainly seems like amazon, more than any of these other big ish companies at the moment, willing to define new territories for itself rather than following others. david: it's unbounded ambition, and successful execution. me, do you asked think amazon is the best managed company in the world? i said it's definitely a contender. it's impressive. emily: impressive indeed. david kirkpatrick, we will be watching to see if they can pull it
is amazon staking out new territory? do you think apple and google will try to follow, as they have? david: absolutely. microsoft, google, facebook, apple of course, will be in the workplace, in our personal lives, on our phones, on our watches, in our car, pretty much everywhere. but the workplace is a logical place for it to go. i credit amazon with getting there first and getting this going first. they just keep defining this space and making everyone else follow them, which is supremely...
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Nov 23, 2017
11/17
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amazon consumer. i think it will take time, but amazon is a learning organization and they will prove and it will waste pressure on australian retailers. really appreciated. yesterday toigh jumbo jet phrases. planes from the -- is the highest i sale ever to take place, but by all means no means the most expensive. darby the super yacht that went for $80 million in either cash on ebay back in 2006. highs talkingord to the price group. is it sustainable? this is bloomberg. >> at one point your father left your mother. >> it was sudden. my mother found herself with four kids, no money. >> you feel a certain responsibility. need role models. we are still a small minority. box a person. the difference is he does not get to hit me.
amazon consumer. i think it will take time, but amazon is a learning organization and they will prove and it will waste pressure on australian retailers. really appreciated. yesterday toigh jumbo jet phrases. planes from the -- is the highest i sale ever to take place, but by all means no means the most expensive. darby the super yacht that went for $80 million in either cash on ebay back in 2006. highs talkingord to the price group. is it sustainable? this is bloomberg. >> at one point...
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Nov 30, 2017
11/17
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the nasdaq is being led by apple and amazon. the s&p 500 bank stocks -- the rally over there, not yet over. we are seeing progress over tax reform in congress, that also played into the market. vonnie: we are getting headlines from the opec meeting. --crude is up, the foreign minister is confirming the nine-month extension, saying libya and nigeria are interested in the deal. this afternoon, here's mark crumpton. just discussing the senate republican tax bill. it has gotten a boost. john mccain has said he will go forward -- he will vote for it. no one has taken his support for granted. he shocked the political world last summer when he voted against an attempt to demolish obamacare. north korea is releasing pictures of its newest missile, which it claims could reach any target in the united states. the -- is the largest missile that the north has ever produced. that is significant because it would have to carry a fuel to reach the united states. pyongyang also claims it can carry a superheavy nuclear payload. -- demanding that
the nasdaq is being led by apple and amazon. the s&p 500 bank stocks -- the rally over there, not yet over. we are seeing progress over tax reform in congress, that also played into the market. vonnie: we are getting headlines from the opec meeting. --crude is up, the foreign minister is confirming the nine-month extension, saying libya and nigeria are interested in the deal. this afternoon, here's mark crumpton. just discussing the senate republican tax bill. it has gotten a boost. john...
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Nov 3, 2017
11/17
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vonnie: i know amazon is in your portfolio. we just got an announcement they played open a new office in vancouver. it creates 1000 jobs. i'm wondering what your thoughts are on the future of amazon as a continues to eat up the competition and become the everything store? a.b.: amazon is great. we love them as a prime subscriber and prime video consumer. there is a lot of good entertainment. i think the broader thing, if you take a step back and think about the trends working against brick-and-mortar retail recently, the growth of amazon, the seemingly ever-growing percentage of overall retail sales from amazon -- apple to do $85 billion in revenue in the fourth quarter because this is potentially an iphone super cycle. in some parts of the world you have hurricane recovery. the damage that was not insured, that is also potentially damaging to retail. yes, they'll have 5000 to 10,000 employees i canada currently. it is vastly under-indexing in canada. vonnie: much appreciated. our thanks to a.b. mendez from frost capital. atk:
vonnie: i know amazon is in your portfolio. we just got an announcement they played open a new office in vancouver. it creates 1000 jobs. i'm wondering what your thoughts are on the future of amazon as a continues to eat up the competition and become the everything store? a.b.: amazon is great. we love them as a prime subscriber and prime video consumer. there is a lot of good entertainment. i think the broader thing, if you take a step back and think about the trends working against...
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Nov 17, 2017
11/17
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bill: everyone should be aware of amazon. six --id, i think stitch competing with nordstrom, .acy's, asos right now, we take a very different approach. amazon is known as having earth's largest selection. we come at it from a remarkably different place. we try to learn as much as about the individual and use machine learning and collaborative filtering to help our stylists and deliver something to you you have not even seen yet. our head of algorithms says it is the ultimate recommendation engine because we do not even let you look at choices. that is something that is highly unique, both in the general apparel community and even against amazon. unlike other fix, online of hell companies, has fared well. others have gone out of business . -- unlike other online apparel companies. >> we have been profitable for many quarters. when the company came public, it was over $100 million of cash on the balance sheet. the company had only raised $40 million, hence we created $60 million in free cash flow, theseing extremely rare days.
bill: everyone should be aware of amazon. six --id, i think stitch competing with nordstrom, .acy's, asos right now, we take a very different approach. amazon is known as having earth's largest selection. we come at it from a remarkably different place. we try to learn as much as about the individual and use machine learning and collaborative filtering to help our stylists and deliver something to you you have not even seen yet. our head of algorithms says it is the ultimate recommendation...
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Nov 30, 2017
11/17
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what kind of threat do you view amazon as? has the threat risen since you announced joining dimer earlier this year, do you see amazon is the competition? lee: we do not see amazon as a competitor, we see them as an innovative player in the space. they have driven a lot of the technologies that you see out there in the consumer convenience places you see today. i am writing down the road with my wife and my two millennial daughter's on friday and over a couple of hours, two of them were shopping on their cell phones, and they completed our black friday shopping in about one hour and i think we had about 15-20 orders. when you look at the technology out there to make it easier for the consumer to purchase online, he will continue to see the type of growth we are seeing right now. so we do not see amazon as a competitor, they are actually a customer of ours, and we continue to serve them and we have had a great relationship with them for many years. vonnie: we have to leave it there. lee, thank you for joining us. >> thank you.
what kind of threat do you view amazon as? has the threat risen since you announced joining dimer earlier this year, do you see amazon is the competition? lee: we do not see amazon as a competitor, we see them as an innovative player in the space. they have driven a lot of the technologies that you see out there in the consumer convenience places you see today. i am writing down the road with my wife and my two millennial daughter's on friday and over a couple of hours, two of them were...
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Nov 16, 2017
11/17
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instead of just trying to do amazon same -- amazon's same playbook, they're doing their own. alix: what have we learned about who is doing it well and who is not? sarah: i think department stores remain extremely challenged. we saw macy's, jcpenney and kohl's in a tough spot and that is a structural issue with enclosed malls. those retailers have struggled on the e-commerce front. discounters like walmart and target, there is a path forward for them. best buy had strong earnings as well, suggesting the big-box format is not totally dead. alix: torsten slok is still with us. how is the consumer? torsten: look at the fed model of where the consumption -- consumer should have been. consumption is driven by wealth, and wealth has gone up. you should have seen more consumption on the back of the wealth increase and some studies show the wealth effect, meaning the wealth increase has fallen in -- fallen in half because consumers are far more cautious. on-the-job side, we are seeing some slowing in jobs growth. wealth should have been higher than where it actually is, but we do beli
instead of just trying to do amazon same -- amazon's same playbook, they're doing their own. alix: what have we learned about who is doing it well and who is not? sarah: i think department stores remain extremely challenged. we saw macy's, jcpenney and kohl's in a tough spot and that is a structural issue with enclosed malls. those retailers have struggled on the e-commerce front. discounters like walmart and target, there is a path forward for them. best buy had strong earnings as well,...
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Nov 24, 2017
11/17
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the dynamics is amazon, amazon, amazon. i would say the overlay is technology. are you looking at amazon as a disruptor or just the technology? >> it is amazon. the whole thing is amazon. bezos is the greatest entrepreneur we have ever produced. it is amazon. he is technology. amazon is technology. who is the leader in the cloud -- amazon. tom: i want to go to mickey levy . the blue line is the bloomberg department store index going back to early 2016. mickey levy, something changed. they were pretty well in line for the most part for a while. 2016, down we go and up we go with amazon. it is about creative destruction, isn't it? >> yes, and when i look at the chart, people are still spending , consumption is growing but they are just buying in a different way. tom: consumption is still good in america. >> and it looks very healthy. francine: howard, thank you for coming on today. i have the looking forward to this all week. and mickey as well. when you look at the retailers, who can compete against amazon today? >> i did not hear you. francine: who can compete w
the dynamics is amazon, amazon, amazon. i would say the overlay is technology. are you looking at amazon as a disruptor or just the technology? >> it is amazon. the whole thing is amazon. bezos is the greatest entrepreneur we have ever produced. it is amazon. he is technology. amazon is technology. who is the leader in the cloud -- amazon. tom: i want to go to mickey levy . the blue line is the bloomberg department store index going back to early 2016. mickey levy, something changed. they...
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Nov 27, 2017
11/17
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let's take a look at amazon. big cyber monday deals. paul: joining us on the phone from new york is stephen stanley, and kathleen is still with us. hopefully, you have had a few minutes to take a look at some of those embargoed lines from jerome powell's testimony we have had break across the bloomberg. if i can get your initial reaction to those? stephen: these nomination hearing testimonies tend to be boilerplate, and for the most part, this one will huge to that. kathleen said, in terms of monetary policy, he said the fed will respond decisively and with appropriate force. -- to me,d of exactly the more meaningful comments are the ones he made around banking regulation. we've heard he's arguing for a loosening of financial banking rules, and that may have been one of the reasons president trump chose to choose him. he says they will look to tailor regulation. he said they would look for ways to ease regulatory burdens while preserving core reforms. betty: what are you learning so far from just these early headlines in this testimony?
let's take a look at amazon. big cyber monday deals. paul: joining us on the phone from new york is stephen stanley, and kathleen is still with us. hopefully, you have had a few minutes to take a look at some of those embargoed lines from jerome powell's testimony we have had break across the bloomberg. if i can get your initial reaction to those? stephen: these nomination hearing testimonies tend to be boilerplate, and for the most part, this one will huge to that. kathleen said, in terms of...
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Nov 28, 2017
11/17
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what you will see is how companies leverage and embrace amazon rather than compete with amazon. in the second quarter, more than 50% sold on amazon was third-party. julia: if you can't beat them, join them. thatet: you have guests are paying early on, and then the procrastinators. tom forte from d.a. davidson, thank you. new developments in at&t-time warner merger. a day before the doj suit to block the inside billion dollar deal, they launched an unsuccessful last-ditch attempt to break the lawsuit. what went down on this meeting and what does it mean for the merger? let's speak to the reporter who broke the story. this happened mid-november, before thinks giving? before the friday monday the doj came out with this merger. randall stephenson flew down with his main lawyer. meeting a very short with senior people from the doj, including the head of the doj. at&t propose something they thought was significant enough to get the doj to step back from trying to block this deal. apart, quite quickly. cameflew back and the doj back to sue. julia: how serious was the proposal they took
what you will see is how companies leverage and embrace amazon rather than compete with amazon. in the second quarter, more than 50% sold on amazon was third-party. julia: if you can't beat them, join them. thatet: you have guests are paying early on, and then the procrastinators. tom forte from d.a. davidson, thank you. new developments in at&t-time warner merger. a day before the doj suit to block the inside billion dollar deal, they launched an unsuccessful last-ditch attempt to break...
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Nov 17, 2017
11/17
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isly: you are the lead and -- analyst on amazon's ipo. anyone in the e-commerce market is incredibly fearful of this giant in the room. mr. gurley: appropriately. emily: when it comes to amazon, do you worry about the threats when it comes to governor-elect stitch fix? mr. gurley: everyone should be paying attention to amazon and treat them with the utmost respect. i think mr. buffett may have just said that. that said, in this case, i think stitch fix is competing a lot more with the nordstrom's of the world, the macy's of the world's, the h&m's of the world that are the leaders in providing fashion apparel to the consumer basis. right now, we take a very different approach. amazon is known for having the largest selection. uou can search through sk after sku. we try to learn as much as we can about the individual, and then we use machine learning and collaborative filtering and algorithms and the help of our stylists. we deliver some de gea you haven't even seen yet. the head of all rhythms and says is the ultimate recommendation engine
isly: you are the lead and -- analyst on amazon's ipo. anyone in the e-commerce market is incredibly fearful of this giant in the room. mr. gurley: appropriately. emily: when it comes to amazon, do you worry about the threats when it comes to governor-elect stitch fix? mr. gurley: everyone should be paying attention to amazon and treat them with the utmost respect. i think mr. buffett may have just said that. that said, in this case, i think stitch fix is competing a lot more with the...
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Nov 22, 2017
11/17
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amazon web services has a lot of clients. it is unclear what the significance of this particular deal would be. cerner is reacting and its rivals are down today. holidays,ers into the some strength across the retailers. goldman sachs out with an interesting note talking about the increasing reliance of the retail industry on the holiday season. this year they could get a larger proportion of their revenue from the holiday season, said specifically that in recent years and predict volatility. looking for volatility. we are watching the dollar. the comments by janet yellen late yesterday that there has been a hint expectations for inflation -- future inflation may be lower. the dollar has been drifting lower over the past week, down 7/10 of 1%. a flattening of the yield curve. the dollar has moved today. taking a look at the bloomberg as we watch the dollar, we also watched rates when talking about the yield curve. the target rate from the fed is the blue line. the 10 year treasury yield is in yellow and the two-year treasury y
amazon web services has a lot of clients. it is unclear what the significance of this particular deal would be. cerner is reacting and its rivals are down today. holidays,ers into the some strength across the retailers. goldman sachs out with an interesting note talking about the increasing reliance of the retail industry on the holiday season. this year they could get a larger proportion of their revenue from the holiday season, said specifically that in recent years and predict volatility....
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Nov 21, 2017
11/17
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but look at it compared to amazon. lindsay: when you can get something in today's, it is hard to argue with that. macy's says, we would to you what is on trend and we will make sure you look good at a great price and you can get it in one place for a fun experience. but they realized their experience has not been that great severe editing 30% of their sort meant out of stores to make it less crowded. they are trying to give you an idea of what items look at of offering 15d similar styled black dresses. here telling you, look at this one, you have to have this one. is that what the macy's shopper is looking for? they say yes and i think that remains to be seen. as long as they are trying something new, that is what investors look for but they are looking for results and quickly. the big question is real estate. macy's has a big real estate portfolio and they had that herald square store, estimated at $4 billion. at what point do they monetize that store and the rest of their fleet? they are taking small steps toward doi
but look at it compared to amazon. lindsay: when you can get something in today's, it is hard to argue with that. macy's says, we would to you what is on trend and we will make sure you look good at a great price and you can get it in one place for a fun experience. but they realized their experience has not been that great severe editing 30% of their sort meant out of stores to make it less crowded. they are trying to give you an idea of what items look at of offering 15d similar styled black...
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Nov 16, 2017
11/17
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thing in blue the sales for amazon. this is a quarterly basis, that on an annual basis, walmart is close to half a trillion in revenue and amazon is half a billion. we have the shares of walmart at a less than $300 billion market cap. if the online sales continue to increase for walmart, perhaps we will see more price appreciation ahead for the shares of walmart. mark: julie, what have you got? julie: i am looking more broadly at stocks in the u.s. we have been on an unusual streak for the s&p 500. if you go back to november 8, we have a streak of days which the s&p opens at the lows of the day and and zep rebounding, around 10:00 a.m.. it is only happened three times before, 2007 and 2011 where the other occasions, so you cannot really judge what will happen to be thist seems unusual grappling between the bears and bowls on a daily basis .- bears and bowls --b bulls mark: i better give it a tie. two brilliant charts. this is bloomberg. ♪ ♪ >> it is noon in new york, 1:00 in hong kong, on julie hyman. >> welcome to
thing in blue the sales for amazon. this is a quarterly basis, that on an annual basis, walmart is close to half a trillion in revenue and amazon is half a billion. we have the shares of walmart at a less than $300 billion market cap. if the online sales continue to increase for walmart, perhaps we will see more price appreciation ahead for the shares of walmart. mark: julie, what have you got? julie: i am looking more broadly at stocks in the u.s. we have been on an unusual streak for the...
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Nov 22, 2017
11/17
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, but it totally misses the point in terms of what amazon is hitting at. they are going after another category that people are not necessarily asking for. people want a cloud-based device like the echo that can do everything for you, everything from ordering groceries to ordering lunch and dinner, making appointments, calling on uber or lift. what apple has brought to the table is a great loudspeaker, something that other companies like sonos have established a footprint for. emily: when i spoke to tim cook, i asked specifically, does this mean apple is getting into e-commerce? he said, no, i don't think so. you should look at this as an audio device. that is where they think they are adding value. take a listen. tim cook apple is a company that : deeply cares about music and wants to deliver a great audio experience for the home. we feel like we reinvented it in the portable player area, and we think we can reinvent it in the home, as well. emily: is he right that there is a desire to reinvent the audio experience in the home, or is that not what customer
, but it totally misses the point in terms of what amazon is hitting at. they are going after another category that people are not necessarily asking for. people want a cloud-based device like the echo that can do everything for you, everything from ordering groceries to ordering lunch and dinner, making appointments, calling on uber or lift. what apple has brought to the table is a great loudspeaker, something that other companies like sonos have established a footprint for. emily: when i...
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Nov 2, 2017
11/17
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amazon has bought whole foods. it gives them physical a more diverse area. and alibaba have been pretty aggressive in this resort -- regard. it's exciting. a new chapter of online to off-line. emily: we are looking ahead to singles' day very soon. how big do you think singles' day is going to be this year? how significant? the singles' day growth numbers year-over-year have not been as great as the annualized numbers for forecasy conservative 20 billion dollars to $22 billion, but it could exceed that. certainly, it will be at least $20 billion, possibly $22 billion. one of the things that is exciting about singles' day now, it's not just people buying physical goods. insuranceve seen an company that went public a couple months ago in hong kong. alibaba is an investor. they sold 100 million return insurance contracts that day alone, something like 13,000 per second. i think it will be an exciting singles' day, as it is. i don't think we will have 61% growth as the quarter had. emily: what do you think about the future of alibaba in the context of the chinese
amazon has bought whole foods. it gives them physical a more diverse area. and alibaba have been pretty aggressive in this resort -- regard. it's exciting. a new chapter of online to off-line. emily: we are looking ahead to singles' day very soon. how big do you think singles' day is going to be this year? how significant? the singles' day growth numbers year-over-year have not been as great as the annualized numbers for forecasy conservative 20 billion dollars to $22 billion, but it could...
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Nov 26, 2017
11/17
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what amazon is hitting at. they are going after a category that people aren't asking for. people want a cloud-based device like the echo that can do everything from ordering groceries, lunch and dinner, to making appointments and calling an uber or a lyft. what apple has brought to the table is a really great loudspeaker. something other companies have already established a footprint for. emily: when i spoke to tim cook in june, i ask if this it means apple is interested in getting into e-commerce. he said no. in fact, you should look at this as an audio device. that is where they think they are adding value. take a listen to what tim cook told me. >> apple is a company that deeply cares about music and wants to deliver a great audio experience in the home. we feel like we reinvented it in the portable audio player, and we think we can reinvent it in the home as well. emily: is he right? there is a desire to reinvent the audio experience in the home, or is that not what customers want right now? >> let me take
what amazon is hitting at. they are going after a category that people aren't asking for. people want a cloud-based device like the echo that can do everything from ordering groceries, lunch and dinner, to making appointments and calling an uber or a lyft. what apple has brought to the table is a really great loudspeaker. something other companies have already established a footprint for. emily: when i spoke to tim cook in june, i ask if this it means apple is interested in getting into...
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Nov 3, 2017
11/17
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blue apron is facing competition from competitors like hell a fresh and amazon. the company is reeling from recent rounds of layoffs and problems getting their fulfillment centers in order. joining me to discuss his alex barinka in new york. alex, talk about the latest stock dive. alex: today was not a great day for blue apron on their third-quarter earnings report. sales beaded estimates but those estimates came down as folks are not too optimistic about where this company is going. when i looked at the actual results, a few things jumped out at me. the first is you have to remember, this is a company that on its marketing spending. when it comes to customer acquisition, it is important for blue apron to spend marketing -- to continue to spend on marketing. spending on building out their operations, they have actually spent less on marketing as revenue. you can see here, 24.8%, that was the quarter before the ipo. that is the share revenue they spent on marketing. the estimate for the fourth quarter worked out to be around 15% of market -- of revenue going to ma
blue apron is facing competition from competitors like hell a fresh and amazon. the company is reeling from recent rounds of layoffs and problems getting their fulfillment centers in order. joining me to discuss his alex barinka in new york. alex, talk about the latest stock dive. alex: today was not a great day for blue apron on their third-quarter earnings report. sales beaded estimates but those estimates came down as folks are not too optimistic about where this company is going. when i...
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Nov 9, 2017
11/17
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there is a disruptor, that name again, it is amazon. moving into the private label sportswear arena. more people to come, how do you see that as a risk, as a challenge to as you say a good business for you at the moment? is big enoughrket for an amazon moving in and the keys you have to be where the consumer's. that is why we have a very strong spread in our online business, we grew by 60% in the u.s. do we think -- we are seeing the consumers going online, that is why we partnered with amazon but we are strong. we do not think in the short-term it will fundamentally change the market. manus: is it going to put more pressure on you to have to spend more on marketing to hold your market share, if there is room if we are goinganus: is it goio to multi-buy, you will have to keep my attention, you will spend more to keep me on my adidas brand. kasper: is more than just spending on the brand. we invest heavily but the key is bringing products out that resonates with consumers and having great creative stickup you create products. in the u.s.
there is a disruptor, that name again, it is amazon. moving into the private label sportswear arena. more people to come, how do you see that as a risk, as a challenge to as you say a good business for you at the moment? is big enoughrket for an amazon moving in and the keys you have to be where the consumer's. that is why we have a very strong spread in our online business, we grew by 60% in the u.s. do we think -- we are seeing the consumers going online, that is why we partnered with amazon...
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Nov 19, 2017
11/17
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high expectations for amazon here in australia, as well. the company's arrival down under has led to optimism. take a look at the numbers. to be fair, we are coming off a low base when it comes to e-commerce and australia. are, just 4.4% back in september of total retail sales conducted online, compared to more than 14% in china and more than 15% in britain. sees online retail sales rising to about 10% of the total spent within two years. will encourageit brick-and-mortar retailers to build online businesses and start leveraging off of amazon services. retailers areia split on whether amazon is a good thing or the apocalypse there for retail. paul: that is pretty much down the line. we had a survey, the annual christmas survey, they asked 52 senior executives and management at australia's leading retailers about what they thought about the arrival of amazon. 33% expect a negative percent, 39% think it will be positive. create greater channels to the market, but typically it ,eems to be smaller medium-sized ones. the larger retailers are wor
high expectations for amazon here in australia, as well. the company's arrival down under has led to optimism. take a look at the numbers. to be fair, we are coming off a low base when it comes to e-commerce and australia. are, just 4.4% back in september of total retail sales conducted online, compared to more than 14% in china and more than 15% in britain. sees online retail sales rising to about 10% of the total spent within two years. will encourageit brick-and-mortar retailers to build...
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Nov 9, 2017
11/17
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amazon and netflix. but have a couple of wins, they are not seeing the same leverage with film and television they saw with music. scarlet: feels like they have been negotiating forever. julia: i was wondering if you could compare the amount of investing.are i am not sure we can gauge what their commitment is. >> here as well, the content synergies are such that it is an instant said of the industry. >> is he critical of the content he is providing? that he can't control? you can't control all of the stuff that is out there. apple is the company that brought podcasting to the masses. if you want to be in the content , not only to get a deep bench of executives, but that backend infrastructure. honest, applee had a lead in that space. everybody has leapfrogged them serious amazon is that you have your counsel really here. the big concern us not can apple compete with netflix, 10 is the amazon? and was on with number 13. they are number three now. jeff bezos is fairly unstoppable. i don't think tim cook an
amazon and netflix. but have a couple of wins, they are not seeing the same leverage with film and television they saw with music. scarlet: feels like they have been negotiating forever. julia: i was wondering if you could compare the amount of investing.are i am not sure we can gauge what their commitment is. >> here as well, the content synergies are such that it is an instant said of the industry. >> is he critical of the content he is providing? that he can't control? you can't...
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Nov 4, 2017
11/17
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amazon is expanding up north. the company plans to open a new office in vancouver, creating about 1000 new jobs. amazon plans to open the doors of the new office in 2020. all of this while the company currently searches for a second north american headquarters. now to the story we have been following all year, bitcoin's wild ride. the world's leading cryptocurrency is currently over $7,000. that is a nearly 650% jump since the year started, and it is dominating the cryptocurrency market cap. right now, it is over 120 billion in total value, that is nearly 100 billion more than its top rival, but concerns remain about bitcoin from big banker doubters to talk of a bubble. to discuss the latest i would , like to bring in the chief commercial officer of bitpay. welcome. thank you for joining us. tell us what this incredible appreciation for bitcoin over the past weeks and months has done for you guys. great question. bitpay is the global leader in payments across the world. over $1 billion this year. however, we have
amazon is expanding up north. the company plans to open a new office in vancouver, creating about 1000 new jobs. amazon plans to open the doors of the new office in 2020. all of this while the company currently searches for a second north american headquarters. now to the story we have been following all year, bitcoin's wild ride. the world's leading cryptocurrency is currently over $7,000. that is a nearly 650% jump since the year started, and it is dominating the cryptocurrency market cap....
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Nov 10, 2017
11/17
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whether alibaba and amazon are disrupting the business. this is bloomberg. >> this is daybreak asia. betty: i'm betty liu here in new york. the anon is in the spotlight this weekend. our chief international correspondent for southeast asia is there. among the 21 trading partners will be key in the discussions, right? >> that's right. .lso, key to discussion is tpp they are trying to push through. now that the u.s. has with her drawn. some provisions will be suspended. hours we still 24 still have to wait and see what happens. perspectivet some from david cunningham. he joins me this morning. david, all eyes on trump. asia each.be his key what are you anticipating? >> i'm not sure exactly what to anticipate. watching him so far, many messages seem to be moderated a bit. no fire and fury. hopefully the administration and president trump are getting an appreciation for the complexity, the size, and the scope to the u.s. and trade. >> are you more encourage now compared to a year ago? >> i am encouraged in many different respects. when he was
whether alibaba and amazon are disrupting the business. this is bloomberg. >> this is daybreak asia. betty: i'm betty liu here in new york. the anon is in the spotlight this weekend. our chief international correspondent for southeast asia is there. among the 21 trading partners will be key in the discussions, right? >> that's right. .lso, key to discussion is tpp they are trying to push through. now that the u.s. has with her drawn. some provisions will be suspended. hours we still...
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Nov 20, 2017
11/17
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will it be enough to face off against amazon's perks? this is bloomberg. ♪ vonnie: this is "bloomberg markets." i am vonnie quinn. shery: i'm shery ahn. vonnie: retailers are pinning their hopes on loyalty. chains have aggressively roll that loyalty programs. the free twoainst day shipping and online perks offered by amazon prime. for more, let's bring in bloomberg's retail reporter went the route. -- lindsay. can any program match the benefits of just ordering something from amazon? lindsay: it depends on what you want out of your loyalty program. for retailers, to great way to capture data. instead of offering you a discount because everybody's offering a discount, they want to make you feel special and offer more targeted things that you might respond to that or maybe even lower cost for them. at safar, you have earned x number of points and you can get these cool samples. --nordstrom coming can get nordstrom coming can get a note after you spend o a certain amount of money. retailers are trying to get you to spend more money with t
will it be enough to face off against amazon's perks? this is bloomberg. ♪ vonnie: this is "bloomberg markets." i am vonnie quinn. shery: i'm shery ahn. vonnie: retailers are pinning their hopes on loyalty. chains have aggressively roll that loyalty programs. the free twoainst day shipping and online perks offered by amazon prime. for more, let's bring in bloomberg's retail reporter went the route. -- lindsay. can any program match the benefits of just ordering something from...
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Nov 14, 2017
11/17
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erik: amazon is a done deal. how close are you to get a google microsoft, two companies you just named to make similar commitments? >> we are in conversations with him. they have to see the potential in the region, which they do. and the second element is making them see the benefits of hiring. we are in conversations. i can't that we are close to concluding anything, but we are hopeful. predicted one of those conversations will result in agreements before the end of this year or next year? >> i want to speculate, but hopefully we can reach some kind of conclusion. scarlet: that was the ceo of the bahrain economic developed board. time now for the bloomberg business flash, look at the biggest business stories in the news right now. bank of america merrill lynch says investors are riding a wave of irrational exuberance, according to the latest survey, fund managers view stock is overvalued but are bullish on growth. and record 60% of investors say they are assuming above normal levels of risk while reducing downti
erik: amazon is a done deal. how close are you to get a google microsoft, two companies you just named to make similar commitments? >> we are in conversations with him. they have to see the potential in the region, which they do. and the second element is making them see the benefits of hiring. we are in conversations. i can't that we are close to concluding anything, but we are hopeful. predicted one of those conversations will result in agreements before the end of this year or next...
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Nov 16, 2017
11/17
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walmart keeping pace with amazon. barnes and noble got a big leg that it wasort getting a buyout proposal from barnes & noble confirmed that it did, in fact, get that offer. get the chairman on board with that plan. best buy coming in with a downer. i should not say up, but down 6%. in texas,ricanes florida, and puerto rico, as well as earthquakes in mexico. charles and david koke, billionaire brothers, are backing meredith's bid according to people familiar with the matter. >> i am struck that there is a yet, you rally, and are seeing compression in the gap between united states 10 year and two-year yields. these two rates, asse two inch mark rates, collapsed at the lowest level since 2007. an increasing amount of money managers are expecting this gap to collapse to zero. that means no extra yields to own two year treasuries next year. that is amazing. this also comes as inflation expectations come down. you wonder how much that has to do with commodities, because oil prices are serving to pare back those gains. ongo
walmart keeping pace with amazon. barnes and noble got a big leg that it wasort getting a buyout proposal from barnes & noble confirmed that it did, in fact, get that offer. get the chairman on board with that plan. best buy coming in with a downer. i should not say up, but down 6%. in texas,ricanes florida, and puerto rico, as well as earthquakes in mexico. charles and david koke, billionaire brothers, are backing meredith's bid according to people familiar with the matter. >> i am...
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Nov 26, 2017
11/17
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amazon was in the green. we expect the retail stocks moving on monday. >> cyber monday is going to be the next focus for the retailers as well. they are really reflecting on the debt we saw in bond traders that inflation cannot get any closer to the 2% market. seat inll takes the hot washington dc for his confirmation hearing. hike for yoush guys on friday. we are looking pretty good in asia. let's look at how things are in new zealand. boeing over the shenzhen. keep in mind though that the dollar fell for the third week which is the longest losing streak since july. trading in australia getting underway, let's look at how things are faring. take a look at the aussie yields. it has been the energy space which is interesting. a two-year high last week ahead of that opec meeting. in japan, we did and friday certainly on the positive side. we are continuing to see a upset here today and tokyo. we are seeing this hovering around 111. >> let's get to first word news. putty, pakistan has talked about approach is th
amazon was in the green. we expect the retail stocks moving on monday. >> cyber monday is going to be the next focus for the retailers as well. they are really reflecting on the debt we saw in bond traders that inflation cannot get any closer to the 2% market. seat inll takes the hot washington dc for his confirmation hearing. hike for yoush guys on friday. we are looking pretty good in asia. let's look at how things are in new zealand. boeing over the shenzhen. keep in mind though that...
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Nov 24, 2017
11/17
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comingseeing a product three years after amazon, but misses the point in terms of what amazon is hitting at. they are going after a category that people aren't asking for. devicewant a cloud-based like the echo they can do everything from ordering groceries, lunch and dinner, to making appointments and calling an uber or lyft. what apple has brought to the table is a great loudspeaker. emily: when i spoke to tim cook itjune, i ask if this ed in apple is interestin getting into e-commerce print he said no. -- e-commerce. he said no. >> apple is a company that deeply believes in music and was to deliver a great audio expense for the home. we think we reinvented it for the portable audio player, and we think we can reinvented for the home as well. emily: is he right? or is that not what customers want right now? through somee his history. in 2006, steve jobs unveiled a , $350, called the ipod and the pitch was to reinvent home audio and sound. that product did not fare too well. although this was 10 years ago, the product was a massive for lop. here is ample 10 years later with the same app
comingseeing a product three years after amazon, but misses the point in terms of what amazon is hitting at. they are going after a category that people aren't asking for. devicewant a cloud-based like the echo they can do everything from ordering groceries, lunch and dinner, to making appointments and calling an uber or lyft. what apple has brought to the table is a great loudspeaker. emily: when i spoke to tim cook itjune, i ask if this ed in apple is interestin getting into e-commerce print...
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Nov 16, 2017
11/17
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today, calvin klein did a deal with amazon where they will put special products out onto amazon. so the competition is going to continue to grow. and it will be the same in food with walmart and amazon, and with what amazon is doing with whole foods. i understand they will basically give away turkeys over christmas. julia: if you look at best buy results, if you look at walmart results, you can build a bigger story of all the transformation we have seen in retail. if you move quickly and you invest resources, you are quick to shift. you can actually -- scarlet: you can win. gilbert: the consumer is changing, they are looking at electronics like they have not before. they are looking at travel and at home, they are not looking at clothing like they did before, although statistics when you look at the black friday projected sales, it will still be the number one purchase during the black friday sales,, clothing. scarlet: i think everybody will just return with a bought. i am glad that you brought up apparel. department stores have not transformed as quickly. norstrom was thinking a
today, calvin klein did a deal with amazon where they will put special products out onto amazon. so the competition is going to continue to grow. and it will be the same in food with walmart and amazon, and with what amazon is doing with whole foods. i understand they will basically give away turkeys over christmas. julia: if you look at best buy results, if you look at walmart results, you can build a bigger story of all the transformation we have seen in retail. if you move quickly and you...
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Nov 20, 2017
11/17
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retailers and amazon especially? bob: obviously not, but we have to be very careful about comparing what happens in china and in the u.s. we talked about this before. you are certain things that will fly in china that will not fly in the u.s. being rethought, rebuilt all over the world and people are experimenting. i think it is fair to say this is probably more experiment that anything else because sales have been declining. point about getting to those lower tier cities is important because we tend to focus on big cities, but the real mass growth opportunity is going to be in those lower tier cities. important because we tend to focus on bigif they havn those places, that is a great way to step them up into this whole new vision of retail. about talk to us, selina, the experiences they are try to storesin the physical that they do have as an enticement to get shoppers to get out and go shopping. selina: part of it is an experiment. these supermarkets where it is a cashless experience. they combined it with their al
retailers and amazon especially? bob: obviously not, but we have to be very careful about comparing what happens in china and in the u.s. we talked about this before. you are certain things that will fly in china that will not fly in the u.s. being rethought, rebuilt all over the world and people are experimenting. i think it is fair to say this is probably more experiment that anything else because sales have been declining. point about getting to those lower tier cities is important because...